The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Undertake post trade analysis. |
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Completed |
Evidence:
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Complete a post trade analysis to review past performance against planned performance, identifying missed opportunities. |
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Completed |
Evidence:
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Analyse customer buying patterns, and predict future trends.
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Review competitor activity within the local and global marketplace. Completed |
Evidence:
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Consult relevant stakeholders for input on post trade analysis and future range strategy. |
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Completed |
Evidence:
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Determine strategy.
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Determine range strategy for relevant future trading period based on post trade analysis. Completed |
Evidence:
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Determine price strategy, marketing strategy and product mix for the next trading period. Completed |
Evidence:
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Communicate strategy to relevant personnel and seek input and approval as required. |
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Completed |
Evidence:
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Develop merchandise plan. |
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Completed |
Evidence:
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Review marketing calendar and new store openings and closures as required. |
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Completed |
Evidence:
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Establish base line sales and gross margin requirements. |
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Completed |
Evidence:
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Plan buying margin, markdowns, shrinkage and other reductions. |
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Completed |
Evidence:
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Determine open to buy, weeks cover or other stock measures. |
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Completed |
Evidence:
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Determine width and depth of range. |
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Completed |
Evidence:
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Quantify products to be ordered. |
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Completed |
Evidence:
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Respond to trade. |
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Completed |
Evidence:
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Evaluate sales against plans and performance benchmarks and interpret impact to the forward plan. |
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Completed |
Evidence:
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Manage merchandise plan in response to sales and account for variances in sales trends. |
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Completed |
Evidence:
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Adjust purchases within the merchandise plan, and manage slow moving surplus stock or aged stock to minimise impact on overall margin. |
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Completed |
Evidence:
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Consolidate stock as required. |
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Completed |
Evidence:
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